A coin Flip game
Positive expectancy game, lets see how good you are!!
I read a fascinating SSRN paper, “Rational Decision-Making under Uncertainty: Observed Betting Patterns on a Biased Coin”
Victor Haghani created a simulation game with the following odds and rules.
Each player starts the game with total corpus of $25 and needs to play for 30 minutes. It is a coin flip game and the coin is skewed in favor of the heads (60%)
The payoff is equal. If you win, you double your money, if you lose, you lose your wager. There is no limit on how much or how less of your bankroll you can bet each time.
Simply stated, the game has a positive expectancy.
Now instead of reading the results of a historical experiment, play this game yourself and share your equity curve with us in comments.
